Poor sales process alone does not justify debarment
The Tribunal held that procedural shortcomings must be distinguished from conduct showing a representative lacks honesty and integrity.
Author: Moonstone Information Refinery
PIC faces mounting governance scrutiny
The FSCA’s investigation forms part of a wider sequence of governance developments at the state-owned asset manager.
What makes a great financial planner? MBSE’s top achievers have one answer
The MBSE graduates say the Advanced Certificate in Financial Planning reshaped how they approach clients, proving that great advice begins with understanding people.
OUTA seeks urgent court order to halt AARTO rollout
OUTA’s challenge raises fresh questions about AARTO’s legal foundations, but for now the rollout continues unchanged while the High Court considers the application.
Can AARTO make better drivers – and smarter underwriting?
Old Mutual Insure says demerit points could eventually influence underwriting, but only if they prove to be a reliable predictor of insurance risk.
Internal record manipulation can justify debarment, Tribunal finds
Five related decisions involving former Pineapple reps illustrate how misconduct affecting internal operational records may engage the honesty and integrity requirements.
SCA underscores the importance of fair process in voluntary associations
A ruling involving a religious society offers broader governance lessons on procedural fairness, impartiality, and disciplinary powers exercised by private organisations.
AI can assist at every planning stage, but advisers remain accountable
New FPSB guidance says professional scrutiny should extend beyond factual accuracy to omissions, bias, assumptions, and the alternatives considered by AI models.
Financial services resilient as risks converge
IRMSA says economic weakness, cyber threats, fraud, and climate pressures are increasingly interacting, while digital innovation and financial inclusion offer routes to growth.
Treasury’s crackdown spreads beyond municipalities
Municipalities that fix their governance failures could regain funding within weeks, while provinces and national departments are now facing the same scrutiny.
Former Robben Island CFO loses bid to unfreeze pension benefit
The ruling found sufficient prima facie evidence for withholding but did not determine whether Karabo Ramela committed fraud or caused the claimed losses.
SARB fines Southeast Exchange R600 000 for FICA failures
An inspection by the South African Reserve Bank uncovered shortcomings in a foreign exchange dealer’s anti-money laundering compliance framework.
Former senior partner jailed for R39.8m theft
Solomon Slom was convicted of theft and money laundering after funds entrusted to his care were diverted through fraudulent transactions.
Parliament calls for comment on AML/CFT reform Bill
Stakeholders have until 10 August to comment on proposed amendments aimed at strengthening South Africa’s financial crime framework.
Satrix expands African footprint with Botswana ETF listings
The three JSE-listed global funds join the BSE as Botswana’s pension investment framework shifts towards greater onshore investment.
What happens when clients stop behaving their age?
Sanlam’s latest Benchmark suggests economic shocks, disrupted careers, and health risks are reshaping how clients across age groups make financial decisions.
Registration closes on Monday for Moonstone’s Regulatory Update Webinar
With COFI on the horizon, the webinar will unpack its practical implications alongside key regulatory, enforcement, and FICA developments.
